Cost of Living in Berkley, CO

Population 10,838 · Colorado · Data vintage 2023

141
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Berkley sits on the smaller end of the Colorado city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible. Unemployment has stayed elevated relative to the national figure — 6.7% as of the most recent ACS release — which shows up in household-income and poverty figures as well.

Located 5 miles southeast of Westminster, Berkley falls within that metro's commuting orbit. Median home values run roughly 9% lower than Westminster's $497,000.

Cost Overview

Housing 149
Rent 130

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Berkley

The median home value in Berkley is $453,600 — 49% above the national median of $305,000. Median rent runs $1,709/month, 30% higher than the national median of $1,314/month. The median household income of $76,232/year is 2% higher than the US median of $74,580. The local unemployment rate is 6.7%, above the national average of 4.8%. Colorado's top state income tax rate is 4.4% and the combined sales tax is 7.8%. Overall, Berkley has a cost of living index of 141 versus the US average of 100, meaning it is 41% more expensive.

🏠 Housing

Median Home Value
$453,600
49% above avg
Median Rent
$1,709/mo
30% above avg
Price-to-Rent Ratio
22.1x
Favors renting
Property Tax Rate
0.6%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$884
1 BR
$960
2 BR
$1,251
3 BR
$1,611
4 BR
$2,004
Owner-occupied 64.7%
Renter-occupied 35.3%

💰 Estimated Monthly Budget

Rent median rent
$1,709
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,323/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
27.5 min
2% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
9.5%

Commute Mode

Drove alone
76.9%
Carpooled
9.8%
Public transit
0.5%
Walked
1.6%
Bicycle
0.2%
Work from home
9.5%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) 4.4%
Total Sales Tax 7.8%
State rate 2.9%
Avg local rate 4.9%
Property Tax 0.6%

💼 Income & Employment

Median Household Income
$76,232
2% above avg
Per Capita Income
$35,815
Unemployment Rate
6.7%
40% above avg
Poverty Rate
14.7%
Labor Force Participation
70.4%

🎓 Education

Bachelor's degree+ 17.9%
Graduate degree 8.8%

👥 Demographics

Median Age 35.7
Male median age 36.4
Female median age 34.8

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 51 — Moderate
49%
Good air days/yr
174
Max AQI recorded
112
PM2.5 days
180
Ozone days

Frequently Asked Questions

What is the cost of living in Berkley, CO?

Berkley has a cost index of 141 (100 = national average). It is 41% above the national average.

What is average rent in Berkley, CO?

The median gross rent in Berkley is $1,709 per month based on 2023 Census data.

What is the average home price in Berkley?

The median home value in Berkley is $453,600 according to 2023 Census ACS data.

What is the median income in Berkley?

The median household income in Berkley is $76,232 per year (2023 ACS 5-year estimates).

What is the sales tax in Berkley, CO?

The combined state and local sales tax rate in Berkley is 7.8%. The Colorado state income tax top rate is 4.4%.

Is Berkley, CO affordable?

Berkley is above average in cost of living, with an index of 141 — about 41% higher than the national average.